Here is what you need to know.
Trump's trade war could take a big bite out of global trade. President Donald Trump's proposed trade war could cost the global economy $800 billion, or 4% of global trade, according to Oxford Economics.
The EU is reportedly plotting a major international effort to defuse Trump's trade war. The European Union is reportedly keen on holding talks with major automakers about a coordinated effort to cut preexisting tariffs and defusing Trump's trade war before it escalates further, the Financial Times says.
See the rest of the story at Business Insider
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